Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Why anyone at this point trades or invests in any publicly-traded company based on the belief that they’re telling the truth with their financial statements is beyond me. They can just lie with impunity, so why not do it? It’s OPM. They don’t need to tell the truth. Same with our gov’t.

Classic. I’m from New Zealand and NZF is on my watch list. The company is trying to replicate pastoral dairy farming as it is done in New Zealand in Uruguay. Arbitraging cheaper labor and land prices. It works well in New Zealand but was something that evolved over a long period.

Agriculture is supposed to be a good bet going forward but any company needs to be managed by people with integrity. I can tell you “fudge it” means make it look better than it is. And it means that here just as it does anywhere that common English is spoken.

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

Quote of the Day

"The largest Asian central banks have gone on record that they are curbing their purchases of US debt. And they are also diversifying their huge reserves, steadily moving away from the dollar. The risks have simply become too many and too serious." -W. Joseph StroupeEditor, Global Events

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